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Monday, August 4, 2014

Wealth Management And Wealth Attraction

When talking about possession, a person unconsciously refers to wealth. But depending upon its use, wealth can be defined in different ways. Basically, it can be classified into financial and non-financial.

Financial Wealth

In the economic world, wealth is defined owning items which have economic values. Example of having financial wealth is the accumulation of things like real estate, money and jewelries. There are reasons why people try to have financial wealth. The most common reason is security.

People with financial wealth also believe that having them brings power, respect and recognition. Depending on where you live, the amount of financial wealth you have accumulated will be relative. Wealthy individuals living in third world countries would be considered average in countries like the United Kingdom and United States.

Non-financial Wealth

While other people are occupied with the accumulation of material wealth, other people believe that true wealth is not something that has economic value. Faith, love and peace of mind are just some of the examples of non-financial wealth that some people strive hard to have in their life. The reasoning behind is simple. Even with all the material wealth in the world, a person would never feel truly complete or secured without non-financial wealth.

In recent years, society has finally looked at non-financial wealth as equally important as financial wealth. Ironically, some people need to spend money just to obtain non-financial wealth. They enroll in yoga or meditation classes to have peace of mind, donate huge amounts of money to participate in religious activities and even buy their loved ones expensive gifts to show their love and appreciation.

It is therefore obvious that people have integrated these two types of wealth to define the true meaning of the word. To achieve or create financial and non-financial wealth, here are some of the most common practices.

To achieve financial wealth, you can harvest natural resources and/or develop or change a material thing thru skills and knowledge application. Another way to create wealth is by improving methods in production, effectively creating wealth faster. You can decide to set a limit to your accumulation of financial wealth depending on your need for security. On the other hand, non-financial wealth can be achieved or created by analyzing your needs and priorities.

You can only achieve peace of mind if you know what you want in life. Since non-financial wealth is not quantifiablePsychology Articles, it is difficult to realize whether or not you have enough of it in your wealthy life.


Source: Free Articles from ArticlesFactory.com



ABOUT THE AUTHOR


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Tuesday, November 1, 2011

How To Make Online Stock Trading Worth Your While

To many, the internet is a godsend, and in some respects, it has made making money a lot more easier and this is down to the fact that many commodity markets and trade zones have plugged into the digital information highway. With this, more casual and part time investors were born, it basically carved out a market due to its ease of access and has increased the viability of many commodities that seemed to be only the arena of the experienced investor.

Online stock trading is a great way to start your portfolio and make some modest sums for a start, with financial independence in the long run of course. But you need to understand certain principles and aspects of the market before you decide to actually dive in and invest.

Stock trading online is a tricky business and it requires your utmost attention when you are buying and selling. This article will discuss some of the things you need to know to make your day at the market all the more fruitful.

One thing you must understand is that you need to have an intimate knowledge of the market and of course, the commodity that you are planning to invest in. Many investors make the same mistake of not getting to know what they are putting their money in. Find out exactly what you are getting yourself into, and with an adequate knowledge on the commodity and all its foibles, you will be able to draw up a strategy based on inside information and industry analysis.

Another thing you must have close to you is aspects of technical and fundamental analysis; important information that you need to have when you are thinking about investing. Using the tools of the market and external factors that may have a part in influencing the price of your commodity, the direction that I might be going to and how the market might evolve in the future.

The last thing that you must have is crucial money management, which is the downfall of many an investor. Knowing how much of a margin you can risk, having risk capital and assessing all expenditures during the course of your investments is very important. It will help you to plot out your investment journey, how much you are spending and how much you should be getting back.

It will also give you the power to micro manage your entire strategy, to assess it and even revamp it if the returns are not satisfactory. With these things in mind, you will be able to make online stock trading a much more viable enterprise that you can depend on fort either a primary or secondary income stream.

Risk is always a factor and the name of the game is to lessen the margin of risk by as much as possible and ensure your strategy is air tight. Of course there are many more things to learn and to understand before you can fully take on the stock market trading onlinet.



About The Author
John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review
http://www.trade-currency.org !

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